During the past fiscal year, the Gaming Supervision and Control Committee showed an increased turnover of 19.8%.
By the beginning of the new year, it is expected that the tender for the granting of a license will begin casino in Crete, as part of the property to be utilized on Troughsfrom the development company real estate Redsas he mentioned yesterday in a press presentation – on the occasion of the deposition at Parliament of the 2022 report – the chairman of the Gaming Supervision and Control Committee (EEEP) Dimitris Dzanatos. Among other things, it will be preceded by the consultation process for the casino license, so that the publication of the tender notice will follow. In the near future, developments are also expected for the casino at Greekwhich is an integral part of the integrated tourist complex which will be developed in the area. In other words, it is expected that the independent engineer who will supervise the project will be selected, with the tender for his recruitment having been announced and it is estimated that offers will be submitted by the end of April. Referring to the troubled casino businesses, Mr. Dzanatos noted that an out-of-court settlement process is underway in Loutraki, while the casinos of Rio and Alexandroupolis, which are under the control of the Glafka Capital fund, are in the process of consolidation. Given, however, that they remain in a state of fragile balance, Mr. Dzanatos noted that these two businesses are still in a transitional phase.
How is the process of cleaning up the casinos in Loutraki, Rio and Alexandroupolis progressing.
Regarding the illegal casinos, the president of the EEEP noted that the independent Authority will recommend to the Ministry of Finance that they remain in operation through a temporary license, until the tender for the granting of a final license takes place. And this with the aim, among other things, of players not turning to illegal gambling. During the past financial year, EEEP showed, annually, a 19.8% increase in turnover, to 17.5 million euros, and a 19.4% increase in profits, to 13.37 million euros. The main volume (97%) of the revenue, as explained by the head of the Authority, comes from the profit ratio (GGR) of the providers, from fees and from administrative fees. The main reasons for the increase in revenue are the end of the restrictive measures for the pandemic, which resulted in the increase in the revenue of the terrestrial network providers, the certifications for the licensing of the online providers and the fitness licenses for the casino staff.